Sec. 161.323. LIABILITY. The liability of the original veteran purchaser and any subsequent assignee or assignees of the veteran are joint and several, but the original veteran purchaser is primarily liable for payment of the money under the original contract of sale and purchase. The board may release an assignor from liability under this section if at least three years have passed since the approved assignment.
Acts 1977, 65th Leg., p. 2672, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 2003, 78th Leg., ch. 674, Sec. 10, eff. Sept. 1, 2003.
Structure Texas Statutes
Chapter 161 - Veterans Land Board
Section 161.311. Board Judge of Forfeiture
Section 161.312. Forfeiture by Board
Section 161.313. Correction of Reason for Forfeiture
Section 161.314. Time of Forfeiture
Section 161.315. Notice to County Clerk
Section 161.316. Effect of Forfeiture on Leases
Section 161.317. Reinstatement of Purchase
Section 161.318. Resale of Land
Section 161.319. Resale of Forfeited Land
Section 161.320. Late Payments; Default Interest Rate
Section 161.321. Vacating Premises
Section 161.322. Enforcement of Forfeiture and Protection of Rights